Turn-Key Restaurant with River
20400 E Austin Road Manchester, MI 48158
For Sale
$699,000
COMMERCIAL - Manchester, MI
Property Size3,155 SF
Lot Size1.65 Acres
Price / SF$221.55
Days on Market16
Property Features for 20400 E Austin Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- P-16-01-400-005
- Size
- 3,155 SF
- Lot size
- 1.65 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- OLD SID - P 16-001-013-00 MA 1-10B THE W 180 FT OF THE W 1/2 OFSE 1/4 LYING BETWEEN THE RIVER RAISIN AND THE HWY. SEC 1
- Tax Annual Amount
- 6665
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 1
Listing Agency:
Swisher Commercial
(734) 663-0501
Listed By:
Charles Koenn · License #6506040186
(734) 926-0230
Added: Jul 9
Last Checked: Jul 24 at 11:06PM
MLS# 26034831
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turn-key restaurant opportunity is housed in a 3,155 SF building that was rebuilt and expanded in 2003. The property is described as well-established and impeccably maintained, and it includes all equipment and licenses. Operational support features include a full back-up generator, a walk-in cooler and freezer in the kitchen, and MEC fiber optic internet service. The site is supported by city sewer with well water supply and natural gas utility service, and it includes a well-maintained paved parking lot.
Located on the southeast edge of Manchester city limits, the restaurant sits along the River Raisin with river frontage on a 1.65-acre lot. The property is positioned at the busy intersection of M-52 and Austin Road, providing convenient access for customers.
For buyers and operators seeking a restaurant they can step into with existing equipment and license documentation included, this offering may fit well. Showings are by appointment only, and buyers must sign a confidentiality agreement; staff should not be approached. The current owner is prepared to retire, creating a transfer opportunity for a new operator or investor.
Located on the southeast edge of Manchester city limits, the restaurant sits along the River Raisin with river frontage on a 1.65-acre lot. The property is positioned at the busy intersection of M-52 and Austin Road, providing convenient access for customers.
For buyers and operators seeking a restaurant they can step into with existing equipment and license documentation included, this offering may fit well. Showings are by appointment only, and buyers must sign a confidentiality agreement; staff should not be approached. The current owner is prepared to retire, creating a transfer opportunity for a new operator or investor.
Key Highlights
- 3,155 SF restaurant building rebuilt and expanded in 2003
- 1.65‑acre site bordering the River Raisin with River Raisin frontage
- All equipment and licenses included
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.1k | $21.60 |
| − Vacancy | −$9.7k | −$3.09 |
| EGI | $58.4k | $18.51 |
| − OpEx | −$14.6k | −$4.63 |
| NOI | $43.8k | $13.88 |
3,155 SF · lease $21.60/SF/yr · vacancy 14.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$625.7K
$547.5K – $730.0K
NOI $43,802 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$927.0K
$811.2K – $1.08M
NOI $64,892 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hungry Wolf
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Impeccably maintained restaurant building with paved parking, generator backup, and kitchen refrigeration on River Raisin frontage.
Where is this conventional restaurant located?
The property is located at 20400 E Austin Road Manchester, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,155 SF restaurant building rebuilt and expanded in 2003; 1.65‑acre site bordering the River Raisin with River Raisin frontage; All equipment and licenses included
